A Computer Rivalry Ends In Marriage
AFTER TWO YEARS OF ON-AGAIN, OFF-AGAIN TALKS, CompUSA is headed to the altar with Computer City, a Tandy subsidiary. On June 22, Tandy agreed to sell its money-losing computer chain for $275 million in cash and a note. That will enable $5 billion CompUSA to remove its biggest rival, as falling PC prices and competition continue to squeeze computer dealers. Those factors helped push CompUSA's profits down 22% in its most recent quarter. For Tandy, the sale ends its most recent failed attempt to expand beyond its RadioShack chain.